25-37 Resolution to Approve the Plan Commission Order Adopting the Declaratory Resolution to Amend the River West Development Area and Establish the Lincoln and Kennedy Park Residential Housing Development Program Expansion Area

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pursuant to Sections 39 and 56 of the Act to be known as the "Lincoln and Kennedy Park Residential Housing Development Program Area Allocation Area"; (iii) amending and restating the Original Plan as set forth on Exhibit C attached hereto (the Original Plan, as amended and restated herein, the "Plan"); and (iv) further amending the Plan to incorporate the residential housing program for the Lincoln and Kennedy Park Residential Housing Development Program Area (the "Residential Program") as a component of the Plan as set forth on Exhibit D attached hereto(clauses (i) through and including(iv), collectively, the"Residential Amendments"); and WHEREAS, prior to the submission of the Residential Program to the Commission, the Commission solicited input through a public meeting and other means as required by Section 53(d) of the Act; and WHEREAS, the Commission has caused to be prepared maps and plats showing the boundaries of the Area, as amended herein, as set forth and described at Exhibit E attached hereto and incorporated herein, the Lincoln and Kennedy Park Residential Housing Development Program Area and the location of various parcels of property, streets, alleys, and other features affecting the replatting, replanning, rezoning, redevelopment or economic development of the Area, the Lincoln and Kennedy Park Residential Housing Development Program Area and the parts of the Area and the Lincoln and Kennedy Park Residential Housing Development Program Area that are to be devoted to public ways, sewerage and other public purposes under the Plan, as amended by the Residential Amendments; and WHEREAS, Sections 41 and 43 of the Act have been created to permit the creation of "economic development areas" and to provide that all of the rights, powers, privileges and immunities that may be exercised by this Commission in a redevelopment area or urban renewal area may be exercised in an economic development area, subject to the conditions set forth in the Act; and WHEREAS, the Commission has determined it appropriate and advisable to apply the provisions of said Sections 39, 41, 43, 53, 54, 55, and 56 of the Act to the Lincoln and Kennedy Park Residential Housing Development Program Area; and WHEREAS, the Commission has caused to be prepared a list of the parcels of property located in the Lincoln and Kennedy Park Residential Housing Development Program Area and the owners thereof; and WHEREAS, the proposed Residential Amendments and supporting data were reviewed and considered at this public meeting; and WHEREAS,the Commission now desires to approve the Residential Amendments. NOW,THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1. The Commission hereby finds and determines that the Residential Amendments promote significant opportunities for the(i)gainful employment of the citizens of the City of South Bend, Indiana (the "City"), (ii) attraction of major new business enterprises to the City, and (iii) retention and expansion of significant business enterprises existing in the boundaries of the City - 2 -